SpaceX $SPCX Shares Newly Purchased by Avior Wealth Management LLC

Key Points

• Avior Wealth Management acquired 19,452 SpaceX shares worth approximately $2.93 million in the third quarter, joining several other institutional investors that recently initiated positions.
• COO Gwynne Shotwell sold 342,170 shares for about $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her stake by 12.16%.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and a $220.06 target price, although concerns include SpaceX’s planned debt-funded AI expansion, regulatory reviews and execution risks surrounding its wireless ambitions.

Avior Wealth Management LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,452 shares of the company's stock, valued at approximately $2,934,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SC US Ttgp LTD. bought a new position in SpaceX during the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX during the 2nd quarter worth $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX in the 2nd quarter worth $6,587,531,000. State Street Corp bought a new stake in shares of SpaceX in the 2nd quarter worth $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of SpaceX in the second quarter valued at about $1,366,880,000.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s proposed acquisition of nationwide low-band spectrum could provide the foundation for Starlink Mobile, expanding the company beyond satellite internet into direct wireless services. Analysts see significant long-term revenue potential, although the strategy requires substantial investment. Space Exploration Technologies Eyes Telecom Reach
• Positive Sentiment: A successful recent Starship orbital milestone and a new Falcon 9 cargo launch highlight SpaceX’s operating progress. The company is seeking approval to eventually conduct as many as 456 Starship launches annually, which could materially increase launch capacity if regulators approve the plan. Why the Starship Launch Is a Big Deal
• Positive Sentiment: Investors remain focused on growth opportunities including Terafab, a planned Texas chip complex intended to supply custom processors for SpaceX’s orbital data centers and AI systems. Several analysts maintain bullish ratings and see substantial upside if Starship, Starlink and AI initiatives scale successfully. What Is SpaceX Building With Its New Texas Chip Complex?
• Neutral Sentiment: The broader space investment market is projected to exceed $100 billion in 2026, partly because SpaceX’s IPO and launch-capacity constraints are attracting capital to competing rocket and satellite businesses. This supports industry demand but does not directly resolve SpaceX’s execution challenges. Space Investment to Top $100 Billion
• Negative Sentiment: SpaceX reportedly plans to raise approximately $40 billion in new debt to fund Nvidia chips and its AI build-out. Reports that borrowing costs and the cost of insuring against default are rising have increased concerns about leverage, cash burn and future dilution or financing requirements. Bond Investors Are Wary of SpaceX’s Borrowing Binge
• Negative Sentiment: The FAA has begun an environmental review of the proposed South Texas expansion. Approval could enable a dramatic increase in Starship activity, but the review introduces regulatory uncertainty and potential delays. FAA Begins Environmental Review
• Negative Sentiment: SpaceX also agreed to testify before the New York City Council after receiving a subpoena in an AI-safety investigation. The proceeding adds headline and reputational risk as the company expands into AI. SpaceX Agrees to Testify About AI Safety
• Negative Sentiment: Some analysts question whether the spectrum purchase and wireless ambitions are being priced too aggressively, particularly given SpaceX’s current losses and the technical limitations of satellite capacity in dense urban markets.

Wall Street Analysts Forecast Growth

SPCX has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of SpaceX from $144.00 to $173.00 and gave the company a "neutral" rating in a research report on Wednesday, October 7th. Roth Capital raised shares of SpaceX to a "buy" rating in a research report on Monday, June 22nd. Oppenheimer increased their price objective on shares of SpaceX from $250.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Guggenheim began coverage on shares of SpaceX in a research report on Friday, August 7th. They set a "buy" rating on the stock. Finally, KeyCorp restated a "sector weight" rating on shares of SpaceX in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $220.06.

SpaceX Stock Down 4.2%

SpaceX stock opened at $156.54 on Wednesday. The company's 50 day moving average is $146.63. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a market cap of $2.06 trillion and a P/E ratio of -1,739.33.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The company's revenue was up 91.9% on a year-over-year basis. Equities analysts expect that SpaceX will post 0.07 EPS for the current fiscal year.

SpaceX Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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